Nearly $600 Million in Crypto Longs Liquidated as Bitcoin and Ethereum Fall to August Lows
AI summary
Crypto traders betting on higher prices lost $599 million in the past 24 hours as Bitcoin and Ethereum fell to their lowest levels in nearly three months. Longs accounted for 88% of $680.81 million in total crypto liquidations, according to Coinglass data. Traders now look to Friday's US producer price data as the next catalyst that could determine whether the selloff deepens or reverses.
